Iems

The present economic downturn may have lasted longer than what was predicted, but Corporate India remains optimistic about an early turnaround. It has implemented more projects in 2001 compared to 2000 and has invested more money in new projects last year than what it did in the previous year. And this despite a poor 2.7 per cent growth of industrial production in 2001-02 ? one of the lowest in the past ten years. The number of industrial entrepreneur memorandum (IEM) implemented...

NEW DELHI: Initiatives announced by the government to attract investment are yet to yield results as the number of industrial entrepreneurs memoranda in November was down at 127 as against 159 in the same month last year. Industrial entrepreneurs memoranda (IEMs) indicate the intention of a company to make fresh investment or for expansion of an existing unit. "During November 2014, 127 IEMs have been filed with proposed investment of Rs 16,599 crore as against 159 IEMs with Rs 31,365...

NEW DELHI: The Central Vigilance Commission (CVC) has introduced age restriction of 70 years for appointment of Independent External Monitors (IEMs) to check corruption in procurement related works. The IEMs are appointed by a government organisation to supervise the compliance of Integrity Pact (IP) between prospective bidders and the buyer for a procurement and other works, committing the persons or officials of both sides not to resort to any corrupt...

NEW DELHI: Initiatives announced by the government to attract investment are yet to yield results as the number of industrial entrepreneurs memoranda in November was down at 127 as against 159 in the same month last year. Industrial entrepreneurs memoranda (IEMs) indicate the intention of a company to make fresh investment or for expansion of an existing unit. "During November 2014, 127 IEMs have been filed with proposed investment of Rs 16,599 crore as against 159 IEMs with Rs...

NEW DELHI: In order to ensure transparency in the disinvestment process, Finance Ministry has decided to appoint retired bureaucrats and prominent private sector executives as independent monitors to oversee working of merchant bankers and others associated with PSU stake sale. For this purpose, the Finance Ministry will hire Independent External Monitors (IEMs) in the Department of Disinvestment (DoD) in consultation with Central Vigilance Commission. "IEMs shall...

MUMBAI: The city police has frozen bank accounts of the Indian Exchange of Metals (IEM) in connection with a cheating case filed against it by online multi-commodity exchange National Commodity & Derivatives Exchange Ltd (NCDEX). Bank accounts of Indian Exchange of Metals (IEM) were frozen on December 12, after the Economic Offence Wing (EOW) of the Mumbai police raided the firm, NCDEX said in a statement issued here today. A senior police official at the ...

NEW DELHI: In order to ensure transparency in the disinvestment process, Finance Ministry has decided to appoint retired bureaucrats and prominent private sector executives as independent monitors to oversee working of merchant bankers and others associated with PSU stake sale. For this purpose, the Finance Ministry will hire Independent External Monitors (IEMs) in the Department of Disinvestment (DoD) in consultation with Central Vigilance Commission. "IEMs shall...

Industrial production has grown 11.5% in 2006-07. The upbeat Yojana Bhavan is projecting a repeat performance in the current year too. Industry's relative contribution to the GDP is rising and its sustained growth will help to achieve the 10th Plan's growth target. These are achievable targets, especially since macro fundamentals are on the rise. But the issue is not just achieving higher industrial growth in one single year. Industrial production had grown by a record 12.7% in 1995-96, but then...

(In previous two weeks this column observed that, although, industrial production has been growing at a higher rate in recent months, low rate of capital formation in the sector and a shift of household savings in favour of physical assets can truncate the industry's recovery bid as shortage of funds will hamper implementation of projects. This time, it tries to explore the damage already caused by these two factors on the industry's growth...

The investment scenario, which looked bleak till recently, is looking brighter once again following higher industrial growth ? index of industrial production has grown by 6.9% in '03-04 compared to 5.8% in the previous year. Industrial production has grown by 6.9% in '03-04 compared to 5.8% in the previous year. But more than the rise in the growth rate of industrial production or corporate bottomline, what is significant is that the larger part of this...

Even as Pune is positioning itself as a major IT and design centre, its traditional auto and auto-ancillary industries continue to be the key drivers of investment and employment in the region. Investments aggregating over Rs 750 crore were lined up between '01 and '05, with 128-odd large and medium-scale units in the manufacturing sector proposing to set up shop here. Many projects have already got off the ground. Only five industrial...

NEW DELHI: The Central Vigilance Commission (CVC) has introduced age restriction of 70 years for appointment of Independent External Monitors (IEMs) to check corruption in procurement related works. The IEMs are appointed by a government organisation to supervise the compliance of Integrity Pact (IP) between prospective bidders and the buyer for a procurement and other works, committing the persons or officials of both sides not to resort to any corrupt...

KOLKATA: The Institute of Engineering & Management's (IEM) department of information technology on Wednesday initiated a two-week staff development programme (SDP) on information security for university and college teachers at the college campus. The programme is sponsored by All India Council for Technical Education (AICTE) and coordinated by Prof Mohuya Chakraborty, head of the department of information technology, IEM. The course curriculum includes both theoretical aspects as well as practical...

CHANDIGARH: Haryana has received an investment of Rs 35,000 crore in the industrial sector during the last over three years. Besides, projects to the tune of Rs.70,000 crore are also in the pipeline. While disclosing this here today, a spokesman of the Industries Department said that as many as 338 Industrial Entrepreneurs Memorandums (IEMS) with an investment of Rs.5630.77 crore had been implemented, besides 567 IEMS catelising an investment of Rs.14164.53...

Industrial production has grown 11.5% in 2006-07. The upbeat Yojana Bhavan is projecting a repeat performance in the current year too. Industry's relative contribution to the GDP is rising and its sustained growth will help to achieve the 10th Plan's growth target. These are achievable targets, especially since macro fundamentals are on the rise. But the issue is not just achieving higher industrial growth in one single year. Industrial production had grown by a record 12.7% in 1995-96, but then...

KOLKATA: Industrial projects implemented in West Bengal during January-December 2006 was higher by 25 per cent to Rs 3151.45 crore, compared to the previous year. The Directorate of Industries said in its latest bulletin said "During the year 2006 provisonal investment figure in West Bengal stood at Rs 3151.45 crore from 221 projects which generated an employment for 35,908. Since 2001, the rate of growth in 2006 was the highest with over 25 per cent...

NEW DELHI: Investment climate of Maharashtra appears to be the most favourable, attracting the highest number of investment proposals during the month of January 2002, as per the latest data compiled by the Department of Industrial Policy and Promotion. Of the total of 299 Industrial Entrepreneurs Memoranda (IEMs) either for new units, new articles or for substantial expansion, filed during January 2002, 71 were for Maharashtra with a proposed investment of Rs 597 crore followed by Gujarat with 33 cases...

KOLKATA: Investment proposals in West Bengal jumped 133.1 per cent to Rs 17,597 crore during 2005, compared to Rs 7,538.42 crore the previous year. "Industrial Enterprenuer Memorandum have increased significantly. Out of 410 IEMs issued during 2005, 228 IEMs were filed by entrepreneurs for setting up new undertakings in Bengal with proposed investment intention of Rs 5,934.68 crore," the latest report of Directorate of Industries said. The proposed investment, which includes both...

Two of India's most progressive states ? Gujarat and Haryana -- today put their best foot forward with their Chief Ministers unveiling the advantages of investing fruitfully in their respective states. Addressing the special session at the 79th Annual General Meeting of FICCI, the Gujarat Chief Minister, Narendra Modi said: " Gujarat is poised to be India's growth engine, with the Planning Commission expecting the state to achieve an average annual growth of 10.2%, the highest...

India's investment rate shows no sign of flagging. Project investments grew 14% for the year ended June '06 compared to 0.5% in the previous year. A healthy growth in bank credit, public issues as well as FDI inflows will continue to spur higher investments in the months to come This has been a great year for Indian investments. During the year ended June '06, project investments grew by an astounding 14%, compared to a growth rate of barely 0.9% in the previous year and 7.5% the year before.